New Marriott Vacation Club Ownership levels announced

[Dean]

Haven't had a chance to review yet

 

[Eric B]

Haven't had a chance to review yet

Anything different in the first page?

 

[dioxide45]

Anything different in the first page?

The only difference I see on the first page is with holding account points for Reserve and Pinnacle.

Also not sure what Preferred 1, 2 and 3 even really mean. Any thoughts?

 

[jwalk03]

The only difference I see on the first page is with holding account points for Reserve and Pinnacle.

Also not sure what Preferred 1, 2 and 3 even really mean. Any thoughts?

I assume its just the tier to be considered for upgrades.

 

[Wanderlustgrl]

 

[Wanderlustgrl]

View attachment 124883

Confirmed by our rep this morning 30,000 and 50,000 however they did say that external weeks bought on the resale market even if they are already enrolled will not count towards the top two level levels

 

[dioxide45]

I assume its just the tier to be considered for upgrades.

I'm still not sure what that means. Perhaps they are saying that Pinnacle is at the top of the pecking order and then on down to Reserve and Chairman's?

This is also the first we are seeing an official preference in villa assignment based on Owner Benefit Level.

 

[dioxide45]

Confirmed by our rep this morning 30,000 and 50,000 however they did say that external weeks bought on the resale market even if they are already enrolled will not count towards the top two level levels

What about resale points?

 

[Dean]

Lots of differences that include:

1. New Wait list prioritization for Pinnacle>Reserve>Chairman’s Club
2. Last minute points discounts of 50% for Pinnacle then 45% and 40%
3. Longer window to bank along with an automatic banking option for the upper 2 levels.
4. Longer windows to elect.
5. Longer window to use points in holding account.
6. Ability to use banked points in the previous UY.
7. Priority check in.
8. Early unit access
9. Unit assignment priority
10. Possible unit upgrades.
11. Dedicated Concierge
12. Dedicated lounge where available
13. Priority check in line
14. Most everything else is cash option related or Bonvoy (mostly fluff).

 

[Eric B]

Curated Luxury Residences = St Regis Residence Club, plus another. Might be GR London.

 

[Dean]

What about resale points?

Also will not count I'm told.

 

[Hindsite]

Also will not count I'm told.

Ohh will that include all the Vistana mandatory resale owners who got into Abound? So they're in Abound but possibly not eligible for the 2 new tiers...
At least the fractional owners should see something for their hefty purchase price.

Can you imagine how much of a muddle the sales team can spin with this...

 

[billymach4]

Is there a way to see this on vacation club site?

 

[dougp26364]

I’m pretty certain none of those benefits are worth an extra $262,000 upfront plus another $12,700/year that has a history of going up 5% per year. Would they be nice to have? Sure. But how many owners can efficiently or effectively use 30,000 or 50,000 points unless they’re wasting it on extras like cruises, which historically are valued around 30 cents to 35 cents/point in value?

This has got to be a very narrow target audience to sell.

 

[billymach4]

I’m pretty certain none of those benefits are worth an extra $262,000 upfront plus another $12,700/year that has a history of going up 5% per year. Would they be nice to have? Sure. But how many owners can efficient;y or effectively use 30,000 or 50,000 points unless they’re wasting it on extras like cruises, which historically are valued around 30 cents to 35 cents/point in value?

Yeah each year you are going to be chasing usage. Would have to have large disposable cash, young retirees. Then in 10 15 years you get tired and old. However still have to pay the MF.

In my minds eye they are looking to sell this to the financial whales. Not for me. However I hope the sell for their sake. The will keep the system going for the next ten to 15 years.

 

[dougp26364]

While it means very little because MVC IT isn’t known to be the best, there is still nothing official on the web site as of this moment.

 

[billymach4]

View attachment 124883

Is this screenshot for the salesperson?

 

[dioxide45]

I doin't see anything so far about paying your maintenance fees with Club Points.

 

[Superchief]

I'm currently chairman and I don't see any compelling reason to upgrade since I wouldn't ever use most of the additional benefits. I've never received some of the benefits listed for chairman level, so I wonder if they are new: villa type upgrade, exclusive happy hours, owner lounge access (have only been offered this when scheduled for a sales tour). I'm actually planning to get rid of my Singer Island enrolled weeks which will downgrade my status.

 

[dioxide45]

owner lounge access (have only been offered this when scheduled for a sales tour).

Where will they even have these available? Perhaps they are planning to just allow these owners to come into the preferred checkin area for snacks and beverages? It isn't like there is a bunch of empty space at resorts that could be converted. If they were converting, who's paying for that?

 

[billymach4]

I recall back in 2010 when Destinations Points rolled out. We all were in disbelief. However they have managed to grow the points side of the house. This too will somehow fit into their plans. But most of us will just remain on the sidelines and watch.

 

[Fasttr]

I doin't see anything so far about paying your maintenance fees with Club Points.

It’s on the 3rd page of Deans post. Really Bad to Poor values depending on level.

 

[billymach4]

Where will they even have these available? Perhaps they are planning to just allow these owners to come into the preferred checkin area for snacks and beverages? It isn't like there is a bunch of empty space at resorts that could be converted. If they were converting, who's paying for that?

It's all Hot Air.

 

[Eric B]

The Happy Hour for Chairman's Club and up would be nice. We'll see how it works out at individual resorts and where the costs wind up getting budgeted.

 

[dioxide45]

It’s on the 3rd page of Deans post. Really Bad to Poor values depending on level.

Thanks. It doesn't show up as an image in his post. Thus why I missed it. I had to actually click on the attachments to see all three pages. I thought there was only two.